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Nigeria’s insurance sector recorded mixed fortunes in 2025 as rising claims and fluctuating loss ratios reshaped profitability across leading firms. A Pinnacle Daily review of the 2025 financial statements of 10 major insurers shows a market driven by large premium volumes, underwriting discipline, and strong investment income. While some firms successfully balanced claims obligations with …

Insurance loss ratios

Professor Wumi Iledare, a renowned expert in petroleum economics and Professor Emeritus at Louisiana State University, has reacted to President Bola Tinubu’s Executive Order 9 of 2026, directing the restructuring of oil and gas revenue remittances to the Federation Account. The order signed by President Tinubu on February 13 but announced on February 18, 2026, …

Energy Economist Warns Against Legal Infractions on Tinubu’s Oil Revenue Executive Order

The Federal Government has introduced a new Investment Budgeting framework to stop funding non-performing projects and boost accountability as Nigeria targets a $1 trillion economy. The Minister of State for Finance, Doris Uzoka-Anite, announced the reform during a meeting with Tayo Aduloju, Chief Executive Officer of the Nigerian Economic Summit Group. Uzoka-Anite said the government …

Former Kaduna State Governor, Nasir El-Rufai, on Thursday spent a second night in the custody of the Independent Corrupt Practices and Other Related Offences Commission (ICPC), as his lawyers protested the search of his residence. El-Rufai was initially detained on Monday by the Economic and Financial Crimes Commission (EFCC) and released late Wednesday. He was, …

El-Rufai Accuses ONSA, Kaduna Govt of Paying Bandits, Politicizing Security

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